The European Investment Bank, International Finance Corporation, IDB Invest and Green Climate Fund will offer the project a combination of guarantees and investment grants.
Atome must sign a binding offtake agreement and EPC contract and finalise lending agreements to secure the funds.
“Importing green iron from our trading partners and allies to supplement the feed to UK and EU electric arc furnaces is the most obvious opportunity that is simply not getting publicly discussed.”
Paired with today’s advances in predictive AI, digital twins can become both predictive and prescriptive.
“[Clean hydrogen] should first be deployed in those sectors in which it is needed as an indispensable feedstock,” the Future Cleantech Architects report argues.
